Question: @ Homework: Chapter 15 Homework Question 2, Problem 15-2 Part 1 of 4 HW Score: 30%, 3 of 10 points O Points: 0 of 1
@ Homework: Chapter 15 Homework Question 2, Problem 15-2 Part 1 of 4 HW Score: 30%, 3 of 10 points O Points: 0 of 1 Save Your firm is considering two one-year loan options for a 5452,000 loan. The first carries fees of 15% of the loan amount and charges interest of 3.9% of the loan amount. The other carries fees of 1,4% of the loan amount and charges interest of 4 3% of the loan amount a. What is the net amount of funds from each loan? b. Based on the net amount of funds, what is the true interest rate of each loan? ed: a. What is the net amount of funds from each loan? The net amount of funds for option 1 ias (Round to the nearest dollar) ord tion
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